The stock of Westar Energy Inc (NYSE:WR) reached all time high today, Oct, 17 and still has $72.68 target or 27.00% above today’s $57.23 share price. This indicates more upside for the $8.15 billion company. This technical setup was reported by Barchart.com. If the $72.68 PT is reached, the company will be worth $2.20 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 294,216 shares traded hands. Westar Energy Inc (NYSE:WR) has risen 22.13% since March 14, 2016 and is uptrending. It has outperformed by 16.52% the S&P500.
Analysts await Westar Energy Inc (NYSE:WR) to report earnings on November, 1. They expect $1.10 EPS, up 13.40% or $0.13 from last year’s $0.97 per share. WR’s profit will be $156.65 million for 13.01 P/E if the $1.10 EPS becomes a reality. After $0.51 actual EPS reported by Westar Energy Inc for the previous quarter, Wall Street now forecasts 115.69% EPS growth.
Westar Energy Inc (NYSE:WR) Ratings Coverage
Out of 7 analysts covering Westar Energy (NYSE:WR), 0 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 0 are positive. Westar Energy has been the topic of 12 analyst reports since August 11, 2015 according to StockzIntelligence Inc. As per Friday, April 15, the company rating was downgraded by Argus Research. The rating was downgraded by Mizuho on Wednesday, June 1 to “Neutral”. The company was initiated on Monday, March 14 by Mizuho. UBS maintained the shares of WR in a report on Monday, January 25 with “Neutral” rating. On Friday, March 11 the stock rating was maintained by JP Morgan with “Neutral”. The rating was maintained by Argus Research with “Buy” on Tuesday, October 13. The stock of Westar Energy Inc (NYSE:WR) earned “Equalweight” rating by Barclays Capital on Thursday, June 2. The firm earned “Market Perform” rating on Friday, February 26 by Wells Fargo. On Friday, November 6 the stock rating was upgraded by JP Morgan to “Neutral”. The firm has “Hold” rating given on Wednesday, June 1 by Gabelli.
According to Zacks Investment Research, “Westar Energy, Inc. is Kansas’ largest electric utility. Westar has 7,200 MW of electric generation capacity fueled by coal, uranium, natural gas, wind and landfill gas. They are a leader in electric transmission in Kansas. Their innovative customer service programs include mobile-enabled customer care, digital meters and paving the way for electric vehicle adoption.”
Insitutional Activity: The institutional sentiment increased to 1.19 in 2016 Q2. Its up 0.12, from 1.07 in 2016Q1. The ratio increased, as 53 funds sold all Westar Energy Inc shares owned while 106 reduced positions. 89 funds bought stakes while 101 increased positions. They now own 95.36 million shares or 2.66% less from 97.96 million shares in 2016Q1.
Kbc Grp Inc Nv has 0.01% invested in the company for 11,249 shares. Capstone Asset Co last reported 0.02% of its portfolio in the stock. Agf Investments, a Ontario – Canada-based fund reported 199 shares. Susquehanna Intl Gru Llp accumulated 100,793 shares or 0% of the stock. Gabelli Funds Ltd Limited Liability Company holds 2.39 million shares or 0.79% of its portfolio. Private Advisor Gp Ltd Liability accumulated 0.05% or 23,757 shares. Great West Life Assurance Can last reported 0.01% of its portfolio in the stock. Gideon Cap Advsr last reported 2.23% of its portfolio in the stock. Zurcher Kantonalbank (Zurich Cantonalbank) has 0.01% invested in the company for 13,904 shares. Umb Retail Bank N A Mo owns 6,106 shares or 0.01% of their US portfolio. Kanaly Tru Comm has 7 shares for 0% of their US portfolio. M&T Natl Bank has invested 0.05% of its portfolio in Westar Energy Inc (NYSE:WR). Commonwealth Of Pennsylvania Pub School Empls Retrmt last reported 27,271 shares in the company. Nordea Inv Mngmt has 3,126 shares for 0% of their US portfolio. Wolverine Asset Mgmt Ltd Liability Corporation has invested 0.04% of its portfolio in Westar Energy Inc (NYSE:WR).
More recent Westar Energy Inc (NYSE:WR) news were published by: Wsj.com which released: “Great Plains Energy to Buy Westar Energy for $8.6 Billion” on May 31, 2016. Also Forbes.com published the news titled: “Westar Energy Stock Getting Very Oversold” on August 03, 2016. Businesswire.com‘s news article titled: “Great Plains Energy and Westar Energy Shareholders Approve Merger Related …” with publication date: September 26, 2016 was also an interesting one.
WR Company Profile
Westar Energy, Inc. (Westar Energy), incorporated on March 6, 1924, is an electric utility in Kansas. The Firm provides electric generation, transmission and distribution services to approximately 700,000 clients in Kansas. The Firm provides these services in central and northeastern Kansas, including the cities of Topeka, Lawrence, Manhattan, Salina and Hutchinson. Kansas Gas and Electric Company (KGE), Westar Energy’s subsidiary, provides the services in south-central and southeastern Kansas, including the city of Wichita. Both Westar Energy and KGE conduct business using the name Westar Energy. The Firm supplies electric energy at retail to clients in Kansas. The Firm also supplies electric energy at wholesale to municipalities and electric cooperatives in Kansas, and has contracts for the sale or purchase of wholesale electricity with other utilities. The Firm classifies it clients as residential, commercial and industrial. It has approximately 6,270 megawatts (MW) of generating capacity in service.
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